An Information System Can Use Hardware as Simple as a Pencil

question 28

True/False

An information system can use hardware as simple as a pencil and paper to capture and store its data.

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Definitions:

Health Insurer

A company that provides coverage for medical expenses in exchange for premium payments, often offering various health insurance policies.

Confidence Interval

A confidence interval is a statistical range, based on sample data, meant to estimate the interval within which an unknown population parameter is likely to fall with a given degree of confidence.

Mean Salary

The average amount of remuneration received by employees, calculated by dividing the total salary payment by the number of employees.

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.